Daniel Thomas of the Financial Times reported last week that things may be on the up and up in the buy to let sector.
His source for this heartening claim is the Association of Residential Letting Agents (ARLA). They have indicated that for the first time in over two years landlords appear to be buying more properties than they are selling.
As there is never any good news without the bad at the moment you will not be surprised to hear that ARLA’s quarterly survey also showed that some landlords were struggling to meet mortgage payments as house prices continued to fall.
Still the fact that people are starting to buy again is at least cheerful news. ARLA contribute this increase to the fact that landlords in a position to are snapping up houses that have fallen to a bargain low price.
Ian Potter, operations manager of ARLA, said: “The data shows that there are bargains to be had in the property market at the moment for those with a keen eye.”
So, as we have said before, despite all the doom and gloom there are still people out their with money who are willing to take a risk.
